2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP
$34.4BCURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP GROWTH
86%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$3,232CURRENT US$
Rnk 141 / 196
2013-2023
Flag
GDP PC GROWTH
55.3%CURRENT US$
Rnk 38 / 195

About

Israel-Honduras Trade: In 2023, Israel exported $13.3M to Honduras. The main products that Israel exported to Honduras were Plastic Lids ($2.3M), Pesticides ($887k), and Medical Instruments ($831k). Over the past 5 years the exports of Israel to Honduras have decreased at an annualized rate of 17%, from $33.7M in 2018 to $13.3M in 2023.

In 2006, Israel exported services to Honduras worth $2.38M, with Other business services ($2.25M), Computer and information services ($85.5k), and Royalties and license fees ($51.3k) being the largest in terms of value.

Honduras-Israel Trade: In 2023, Honduras exported $3.46M to Israel. The main products that Honduras exported to Israel were Coffee ($2.75M), Sowing Seeds ($164k), and Knit T-shirts ($131k). Over the past 5 years the exports of Honduras to Israel have increased at an annualized rate of 3.54%,  from $2.91M in 2018 to $3.46M in 2023.

In 2023, Honduras did not export any services to Israel.

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Honduras ranked 88 in the Economic Complexity Index (ECI -0.53), and 95 in total exports ($11.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Israel exported $13.3M to Honduras. The main products exported from Israel to Honduras were Plastic Lids ($2.3M), Pesticides ($887k), and Medical Instruments ($831k). During the last 5 years the exports of Israel to Honduras have decreased at an annualized rate of 17%, from $33.7M in 2018 to $13.3M in 2023.

In 2018, Honduras exported $3.46M to Israel. The main products exported from Honduras to Israel were Coffee ($2.75M), Sowing Seeds ($164k), and Knit T-shirts ($131k). During the last 5 years the exports of Honduras to Israel have increased at an annualized rate of 3.54%, from $2.91M in 2023 to $3.46M in 2018.

Exports from Israel (Flag) to Honduras (Flag) (2023)

Exports from Honduras (Flag) to Israel (Flag) (2023)

Latest Data

Trade between Israel (Flag) and Honduras (Flag)

Israel Exports

Honduras Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Honduras
Top Destination
United States$5.87B

This map shows whether countries import more from Israel or Honduras. Each country is colored based on the difference in imports they receive from Israel and Honduras or the difference in the growth in imports.

In 2023, countries that imported more from Israel than Honduras included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Honduras than Israel included Nicaragua ($980M), El Salvador ($796M), and Guatemala ($616M).

Difference in imports from Honduras (Flag) and Israel (Flag) (2023)

Comparative Advantage Israel - Honduras

Flow
Scale

This chart compares trade between Israel and Honduras by product, considering products traded by both, Israel and Honduras.

During 2023, Israel had a large net trade with Honduras in the exports of Machines ($3.21M), Chemical Products ($3.18M), and Plastics and Rubbers ($2.98M).

During 2018, Honduras had a large net trade with Israel in the exports of Vegetable Products ($2.92M), Textiles ($373k), and Foodstuffs ($99.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Honduras+$596kPlastic Lids
Top Product Potential Honduras Israel+$129kRolled Tobacco

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Israel and Honduras. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Honduras. Similarly, a dot/product with the flag of Honduras indicates it has a comparative advantage over Israel.

Product Space of Israel (Flag) and Honduras (Flag) (2023)

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